European futures are indicating a lower open this morning as US budget talks continue. US House Speaker John Boehner is trying to unite Republicans around a plan to reopen the government and raise the debt ceiling. Boehner remains under pressure from his own part to put an end to what has been a four day shutdown. House republicans will meet at 10 a.m today in Washington. US monthly Non-Farm Payrolls will not be realised as scheduled following the US shutdown.
Asian stocks traded in negative territory overnight, set for the biggest weekly loss in a month as investors trimmed risk until the US budget impasse is resolved. Gold remained higher this morning on speculation that the first US government shutdown in 17 years and a standoff over raising the country’s debt limit will spur demand for the metal as a haven.